2 bedroom apartment for sale
Somerston House, 24 St Pancras Way, NW1 0NY
Share percentage 55%, full price £700,000, £38,500 Min Deposit.
Share percentage 55%, full price £700,000, £38,500 Min Deposit.
Monthly Cost: £2,647
Rent £535,
Service charge £158,
Mortgage £1,954*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £89,938. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £38,500. Total approximate savings required £42,500
Important borough specific eligibility criteria
Camden
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Lovely Second Floor, 2-bedroom home in the London borough of Camden for £385,000 (55% share price of £ 700,000 full market price), available through Shared Ownership.
Description
BRIEF OVERVIEW
Second Floor, 2-bedroom home in the London borough of Camden for £385,000 (55% share price of £ 700,000 full market price), available through Shared Ownership.
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SPECIFICATION
Second Floor
GIA
71 sqm
EPC rating
B
Length of lease
112 Years Remaining
Parking
No
Pets allowed
No
Number of bathrooms
Ensuite
1
Key Features
Key Features
- Secure Video Door Entry
- Canal
- Large Terrace
- Camden Lock/Market
- St Pancras International under a mile away
Local Transport
- Camden Road Overground – 0.3m
- Camden Town Underground – 0.4m
- St Pancras International – 0.8m
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 55%, full price £700,000, £38,500 Min Deposit. Calculated using a representative rate of 4.64%